Mortgage Revenue Bonds Analysis of Sections 3021 and 3022 of the Housing and Economic Recovery Act of 2008

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service

Language:

English

Subjects (All):

Interest rates.

Municipal bonds.

Tax incentives.

Physical Description:

1 online resource

Contained In:

ProQuest U.S. Congressional Research Digital Collection

Place of Publication:

[Place of publication not identified] [publisher not identified] 2008

Summary:

Provides overview of mortgage revenue bonds (MRBs), which are bonds issued by States and their political subdivisions, the interest on which is exempt from Federal income taxes if the bonds qualify under rules stipulated in the tax code. Covers program administration, volume cap, and impact on alternative minimum tax. Summarizes and analyzes provisions of H.R. 3221, the Housing and Economic Recovery Act of 2008, to change MRB rules to allow bond proceeds to be used by current home owners to refinance certain loans, increase the amount of bond allocation authority available to States, and exclude interest earned on the bonds under the alternative minimum tax

Notes:

CRS Report

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2010). Reuse except for individual research requires license from ProQuest, LLC

Vendor supplied data

Other Format:

Microfiche version Library of Congress Congressional Research Service Mortgage Revenue Bonds

Publisher Number:

CRS-2008-GVF-0725

Access Restriction:

Restricted for use by site license